Personal Loans

A “Personal Loan” is offered for personal use instead of business or commercial purposes. Personal loans come in handy when we need money for repairing or renovating our home.

Characteristics and details of a personal loan
It is an unsecured loan which means a loan offered without keeping any assets (e.g., house or car) as collateral. Unsecured personal loans are offered based on the buyers credit history. If you have not defaulted on payments of an earlier loan and have paid all your credit card bills on time, you will be viewed as a low-credit risk.
• Personal loan Interest rate is allocated according to the customers salary, the amount being borrowed and other criteria.
• The repayment time period for a personal loan is fixed and ranges from 1 year to 5 years.
• It requires minimum paper work and approved within 48 hours of submitting an application
• In addition to processing fee, a personal loan includes the following charges as well as pre-payment fee, late payment penalties, documentation charges, cheque bounce charges

How Srishti Financial Services helps you?
You are saved from the hassle of visiting individual sites of banks and other lenders. Don’t rush to a decision and save your search and continue from where you left off when you revisit your site. Find the loan that meets all your terms and conditions and propels you to growth.

Eligibility Criteria
• Any Salaried, self-employed or professional Indian national is eligible for a personal loan
• You should have been employed by your current organization or been involved in your business for a certain number of years
• You should have some monthly repaying capacity or the required minimum salary
• Must qualify the age bracket defined by the lending ban of institution
• You should not have bad credit history under your name for three months prior to submitting the loan application

Documents Required • Duly signed and filled application form
• Passport size photograph
• Identity and signature proof – passport, pan card, driving license, voter ID card, Aadhar Card, employee identity card in case of government employees.
• Address Proof – Bank statement, rent agreement, voter ID card, ration card, passport, driving license, telephone/electricity/water/credit card bill or property tax.
• Age proof – vogter id card, secondary school leaving certificate (class 10), birth certificate, passport, Aadhar card, pension payment or receipt of LIC Policy.
• Income proof
• Salaried individuals
• Latest 3 months salary slips
• Form 16 with proper computation of income
• Salary account bank statement for six months
• Latest acknowledged IT Returns